Outstanding Assets of Debtor, Sale or Compromise

Outstanding debts, or other property due or belonging to the estate, which cannot be collected and received by the assignee without reasonable or inconvenient delay or expense, may be sold and assigned in like manner as the remainder of the estate. If there are any rights of action for damages in favor of the insolvent prior to the commencement of the insolvency proceedings, the same may, with the approval of the court, be compromised. SOURCE: CCP § 1330.